Looking at Cardano specifically, it has built a strong bullish climb since the beginning of April, consistently staying above the SMA line on the bollinger bands, providing a nice floor. You can see this on the 1 Day charts when expanded out over 3 months.
Note
If Cardano breaks through $0.07, we will likely see a run to $0.10 or higher, given the growth of the crypto markets and strong sentiment pushing Bitcoin upwards. If Bitcoin continues to see growth past $10k, then a spill over will likely occur into other cryptocurrencies (AKA Alt-season).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.